USDCAD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently...
This trendline is expected to hold and send the pair nosediving!
USDCAD is going short because of the formation of bearish engulfing candle at the D point of ABCD pattern.
I think UC just reversed its trend to bearish. SL at 1.3510.
Some harmonic patterns are seen all indicating on weekly time frame bearish move .this would suggest somehow for bullish usoil .pls share your idea about this probable scenario
USDCAD Weekly - Bullish Daily - Bullish 4H - Bullish Buy at 1.35733
using market structure analyst methods i believe this pair will buy for days to come maybe till end next week or so
USDCAD CHART ANALYSIS LONG!!! Make sure you do your research and based on your confluence please look for the entry. Trade safe use proper risk management always.
In this area its we may be looking at executing our short trades but for us to do that we need to wait for a confirmation candlestick so we can enter our trades..
i can see good order block at this price ........... ........... .............. .................
Hello dear fellows , In todays session i might trade in USDCAD , as we saw yesterday it played v well against CAD , and chances are CAD might remain under pressure . we got nice discount in early Asian session . Risk is pretty affordable . Trade with risk Management . Best of Luck !
Hello traders, If we manage to get a pullback after such a parabolic move towards the upside and break the 200 moving average on the 4h This trade has potential to move towards the upside much more. I suggest waiting on this one for some rejection before considering to enter the market :)
USD CAD is expected to move up from the 1.341 level to 1.355 level. Entry - 1.3416 TP - 1.3549 SL - 1.3316 Risk only 5% in this trade.
USDCAD has been in a bullish trend for half of month continues make HL Now price is testing the previous supply zone If the price effectively breaks through the resistance zone, When resistance turns into support (if there is no enough bull momentum, it may backtest serval times) and clear bullish signals appear in this zone, can try to do long order entry, TP,...
1 Has the 12/36 EMA crossed up yet? yes 2- Do we have a support line at the current price (EMA 36 -200) ? yes 3. Has the price broken above ema200 yet? yes 4. Has the price broken out creating a 1-2-3 pattern? yes 5. Does the price action show the advantage of the Buyer? yes R:R Score 85/100 Comment : the price is moving nearly supply zone
supply zone for short 1.3525-65, stop loss: 1.3585, target 1.3330 & 1.3290.
If you read my previous post you'll see why I am expecting a bearish UCad. However, on this chart, I am looking for UCad to decline in the yellow area. Especially since it's an NFP week.
If price takes out that EQH liquidity, re-entry for short will be my idea